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   Friday, May 22, 2015Click the down arrow to the right to see a list of Smart Woman topics on air during the month of May.

Financial Help for College Grads

ORLANDO, Fla. (Ivanhoe Newswire) -- After graduation there is so much to think about, whether you were lucky enough to land a job, or if you are still looking. So how can new grads take financial responsibility?

Post-graduation life can be a challenge with so many new expenses. Living arrangements, transportation, bills, it all adds up, so creating a budget that balances these costs while also giving you room to save is crucial. 

First make sure you have a checking and savings account. They are safe, secure and make it easy to pay your bills and manage your money online. Local banks and credit unions often have free checking without any monthly fees or minimums. 

Second apply for a credit card, but don’t be tempted to overspend. It’s essential to start building credit that you will need in the future.

Also, while most recent grads aren’t thinking about a secure retirement fund, it’s important to think about saving as early as possible even if it is just a small portion of your paycheck.

Don’t forget about student debt. Even if you can only pay a small amount over a long period of time, it helps you build credit and get rid of those loans.

Many students use the health insurance from their college, so after graduation they find themselves without insurance or at a job that doesn’t provide it. Young adults can now be covered under their parents’ insurance until the age of 26, but if you aren’t that lucky you can purchase a plan for around 150 to 500 dollars a month under the Affordable Care Act. It is worth it in case a major accident was to happen.

Contributors to this news report include: Mary Stufano, Assistant Producer and Writer; and Jamie Koczan, Editor. 

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